Derek Schuster & Kevin Butkus Acquires Retail Property In McKinney
9241 Virginia Parkway, McKinney, Texas 75070, United States
Building Size
16,918 SF
Asset Type
Retail
Closing
Apr 10, 2022
AI
Located at 9241 Virginia Parkway in McKinney, this retail property was recently sold in a transaction on April 11, 2022. The property spans a total area of 16,918 square feet, offering ample space for various retail operations. The sale was facilitated by brokers Derek Schuster and Kevin Butkus of Weitzman.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 9241 Virginia Parkway, McKinney
- Market: McKinney
- Asset Type: Retail
- Square Footage: 16,918
- Brokers: Derek Schuster & Kevin Butkus - Weitzman
Derek Schuster and Kevin Butkus from Weitzman played a pivotal role in the successful completion of this sale. Their expertise in the retail sector and their dedication to serving their clients ensured a smooth and efficient transaction process.
Players
McKinney Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93